New York's Museum of Modern Art announced on Tuesday that philanthropist Marie-Josée Kravis will replace investor Leon Black as chairman.
According to the New York Times, Kravis, said in the virtual board meeting: “I know it’s a huge responsibility. I will try to live up to it.”
Businesswoman and writer Kravis is an avid art collector with her billionaire financier husband, Henry Kravis, and has been a member of the board since 1994 and its president from 2005 to 2018. She will take over Black's role on July 1.
Black left as CEO of Apollo Asset Management in March. His associations with convicted pedophile and sex trafficker Jeffrey Epstein - including payments totaling $158 million for financial advice - continue to be scrutinized and have incited calls for his board resignation. He remains a MoMA trustee; he has been a board member since 1997, giving $40 million to the museum in 2018.
“If we’re stuck with a system where our tax-exempt, educational institutions have to depend on money from the super rich, they should at least choose board members who make the world a better, not a worse place,” said artist activist group the Guerrilla Girls in an earlier statement. The anonymous artist group has long been protesting Black, joined by StrikeMoMA and others, which contend, “beyond any one board member, MoMA itself is the problem.”